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Why Employee Benefits Benefit Everyone Involved

In Business, Employee Benefits, Group Income Protection, Healthcare by Paul Connolly

The vast majority of employers believe employee benefits are good for business, as well as staff. That’s the key finding to come from research by Group Risk Development (GRiD), the industry body for the group risk protection sector. According to the GRiD poll, over four-fifths (81%) of businesses believe that looking after the mental, physical, financial and social wellbeing of …

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New Study Identifies Four Talent Trends For 2020

In Business, Employee Benefits, Group Income Protection by Raina Dhillon

Top employers are navigating uncertain economic times by focussing on the health, financial wellbeing and careers of their employees, a study suggests. According to a report by Mercer, the worldwide consultancy firm, there are four trends for multinational organisations and those with globally mobile employees to “win with empathy” now and post-pandemic. The current COVID-19 pandemic and the subsequent uncertainty …

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Income Protection: More Than Just Insurance

In Employee Benefits, Group Income Protection, Protection by Stephen Ellis

Figures show that income protection (IP) sales are healthy. In fact, according to data released by the Financial Conduct Authority (FCA), IP sales in the first half of 2019 reached their highest level since FCA records began in Q2 of 2005. But while many people understand that income protection and group income protection are primarily designed to provide an income …

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Why Use An Employee Benefits Broker?

In Business, Employee Benefits, Group Income Protection by Paul Connolly

To attract and retain the best talent, companies know that they need to be offering competitive employee benefits packages, specifically, packages that have been created with employees’ needs and wants at the forefront. But navigating the health insurance and employee benefits market can be tricky, especially if it’s an area you’re not that familiar with. Add to this the fact …

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The Delicate Issue Of Cancer Cover & Group PMI

In Employee Benefits, Group Income Protection, Healthcare by Tom Pullinger

Cancer survival rates are higher than ever, having doubled in the last 40 years, according to Cancer Research UK. In fact, the charity says 50% of people diagnosed with cancer in England and Wales survive their disease for 10 years or more (2010-11). One of the main reasons why cancer survival rates have improved so significantly is because of the …

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Sickness Absence Is Severely Impacting UK SMEs But Uptake Of Protection Remains Low

In Business, Group Income Protection, Protection by Tom Pullinger

UK SMES are being severely impacted by sickness absence, a new study has found, yet a huge number are still overlooking financial products that could benefit both them and their employees. According to the survey from benefits provider Unum, 44% of UK SMEs said they have had at least one employee absent for four weeks or more in the last …

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5 Ways Employers Can Help Their Employees’ Financial Wellbeing

In Employee Benefits, Group Income Protection, Insurance by Stephen Ellis

Employees typically have to deal with day to day distractions and levels of stress that they can cope with. But sometimes individuals are also dealing with other problems, one of the most common of which is financial worries. One group in particular that is feeling its fair share of finance-related stress and anxiety is millennials. These individuals entered the workforce …

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The Difference Between Group Protection & Individual Protection

In Business, Employee Benefits, Group Income Protection by Tom Pullinger

It’s a reality that the UK working population is, in general, under-insured. However, some groups are a lot more vulnerable than others when it comes to protection. Research highlights this… For example, according to Canada Life, while nearly half of women aged 25-45 are solely responsible for the financial decisions in their household, almost 57% of this age group do …

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Group Income Protection: Providing Benefits For Both Employers & Employees

In Business, Group Income Protection, Protection by Paul Connolly

Employee sickness absence is an inevitable part of running a business. After all, everyone feels under the weather from time to time and the best remedy is to simply have a day off. But what about more serious illnesses that require extended periods away from work? The impact they can have on both the employee and employer can be hugely …